Opinions needed please -
What do you think is the best Short Sale designation these days;
CDPE, SFR, CSP, CHS (HAFA) or another?
Thanks!
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Opinions needed please -
What do you think is the best Short Sale designation these days;
CDPE, SFR, CSP, CHS (HAFA) or another?
Thanks!
You need to be a member of REO Pro Network to add comments!
Replies
I am always surprised by real estate in other parts of the country. I don't know if I said this earlier but, here in Davidson county.....home of Nashville Tn. we have a community called Antioch that just last quarter was 28% upside down with at least 1 month behind as reported to the credit reporting bureaus. So...as you can imagine, short sales are still pretty big deal here. With that being said, go to North Nashville, inside the inner loop....and prices are skyrocketing. $195.00 a sq ft for new construction...at a minimum. Just two years ago, you would be lucky to see $120.00 a sq ft.
Jessie The course you should be putting together in Probates. There is a huge group of aging baby boomers reaching that age. Think ahead!
Getting into that level of detail is more of a certification / designation course. I don't know that our industry has room for that....not now anyways. What I will do is put together a very good syllabus on the course so people know exactly what they are buying, before they type in their credit card number.
I agree with some of you above. WASTE OF MONEY. First, you dont need the initials in back of your name, nobody knows or cares what they are. Regarding what you learn---IT AINT ROCKET SCIENCE! LOL You can get enough from free info sites and gleaning from people in sites like this. After almost 4500 BPOs now and dealing with dozens of real estate brokers who handle short/reo/etc---its pretty mmuch all the same. Do the proper paperwork then wait wait wai.. My advice is to HIRE a negotiating expert. In Oregon, we have several people who do it as a mian living. They have incredible backgrounds in the field, and there are some real estate brokerages here who wont let their agents do a single deal without him being involved. Now, this subject could fill a book and I wont get into it but there is a LOT LOT LOT more to it than just getting offers in to the lender. One must go look at all aspects of the process to do the best for the home owner. It may be that they shouldnt even short sale at all! It could be tat they stand NO chance of saving the home and that a short isnt the most advantageous for their future for many reasons including taxes, and their main goal is to stay in the house as long as possible to build up moving money. Ive seen people stay up to three years without paying a nickle. That is a dance with the lender/s that takes knowledge and skill. If any of you are in Oregon and want his info---contact me. I hadnt thought of even bringing him up when entering this discussuion but it seems appropriate.
To conclude. dont waste the moola and certainly dont join something that has ongoing dues.
I have taken most of the courses in an effort to gain an operational advantage. But our market has gone up so much we rarely have short sales anymore. I do understand different areas are experiencing different markets. reo and short sales are rare in the San Francisco bay area now. I do believe the CDPE course was very good, but they want $99 per year to maintain membership. This would not bother me except I did not hear from them again till me year was up and they wanted more money. I expect any membership to provide leads or there is no benefit to on going payments to them. I am so tired of them trying to put me on a drip system than pays them with little coming back
Roger
Experience!!! You can spend money on classes its all about being the listing agent working with the seller and mortgage company. All mortgage companies have a Home Owners checklist of items the seller needs to do before they will consider doing a short sale. You can visit most Mortgage companies and view their short sale procedures and all the forms you need. Just think of it as learning on the go when you sold your first house a contract can look so intimidating and dealing with sellers and buyers, mortgage companies, title companies. The most important thing I can recommend is to make sure all your paperwork is done correctly and in order the last thing you want is the mortgage company telling you your paperwork is not in order. Here is a website that might help you out.
https://agentresources.bankofamerica.com/forms
FYI: The price point I am looking at for the course is going to be around $50.00 and possibly an hour to hour an half long. It will have a syllabus, printable materials and a video instructor.
Elias, how do you "know" what you're doing if you don't have an education on what you are suppose to be doing? Certifications / designations, etc.... aren't for clients, they are for us..the agent. With out knowledge or at least continuing education.....what business do you have telling a client you can do a short sale if you don't know what you are doing?
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